Leesburg State Bank v. Pinner

This is a suit against the indorsers on a promissory note for $1,776.96, given by C. M. Love and Eaves Allison bearing the indorsement before delivery of “Pinner and Wilcox by Ralph F. Pinner.” The note represents a loan to Love and Allison which they secured from the bank to pay an existing obligation to Pinner and Wilcox. The bank was told the purpose of the loan and gave it on condition that Pinner and Wilcox would indorse the note before delivery. When such a note was presented to the bank the amount of the loan was paid to Pinner and Wilcox. On the trial judgment was entered for the…